Turmeric futures edged higher on NCDEX on forecast of heavy rains in turmeric growing areas. Further, expectation of pickup in demand for old crops ahead of festival season too fuelled the uptrend.
The contract for October delivery was trading at Rs 6962.00, up by 0.84% or Rs 58.00 from its previous closing of Rs 6904.00.The open interest of the contract stood at 13780 lots.
The contract for November delivery was trading at Rs 7000.00, up by 0.20% or Rs 14.00 from its previous closing of Rs 6986.00. The open interest of the contract stood at 8295 lots on NCDEX.